Five More Banks Close in US

May 30, 2010 Updated: May 30, 2010

U.S. regulators shut down five more regional banks last Friday—three based in Florida, and one each in Nevada and California, the Federal Deposit Insurance Corporation said.

The three Florida banks are all owned by Bank of Florida Corp., and are Florida-Southeast, Bank of Florida-Southwest, and Bank of Florida-Tampa Bay.

Last Vegas-based Sun West Bank and Granite Community Bank in Granite Bay, Calif., were also closed.

The closures bring the total number of U.S. bank failures to a staggering 78 this year.